USA Mega

Missouri Powerball Jackpot Annuity Payout Schedule for May 3, 2003

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The tax information provided here is based on 2026 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $77,800,000 for a ticket purchased in Missouri, including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Missouri

Drawing Date:Sat, May 3, 2003
Jackpot:$77,800,000
Federal Tax:37% marginal rate
State Tax: 4.7%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$1,387,182$469,214$65,198$852,770
2$1,442,669$489,745$67,805$885,119
3$1,500,376$511,096$70,518$918,762
4$1,560,391$533,302$73,338$953,751
5$1,622,806$556,396$76,272$990,139
6$1,687,719$580,413$79,323$1,027,983
7$1,755,227$605,391$82,496$1,067,340
8$1,825,436$631,369$85,796$1,108,272
9$1,898,454$658,385$89,227$1,150,841
10$1,974,392$686,482$92,796$1,195,113
11$2,053,368$715,703$96,508$1,241,156
12$2,135,503$746,093$100,369$1,289,041
13$2,220,923$777,699$104,383$1,338,841
14$2,309,760$810,568$108,559$1,390,633
15$2,402,150$844,753$112,901$1,444,496
16$2,498,236$880,305$117,417$1,500,514
17$2,598,165$917,278$122,114$1,558,773
18$2,702,092$955,731$126,998$1,619,362
19$2,810,176$995,722$132,078$1,682,375
20$2,922,583$1,037,313$137,361$1,747,908
21$3,039,486$1,080,567$142,856$1,816,063
22$3,161,065$1,125,551$148,570$1,886,944
23$3,287,508$1,172,335$154,513$1,960,660
24$3,419,008$1,220,990$160,693$2,037,325
25$3,555,769$1,271,592$167,121$2,117,056
26$3,697,999$1,324,217$173,806$2,199,976
27$3,845,919$1,378,947$180,758$2,286,214
28$3,999,756$1,435,867$187,989$2,375,901
29$4,159,746$1,495,063$195,508$2,469,175
30$4,326,136$1,556,628$203,328$2,566,180
Total$77,800,000$27,464,715$3,656,599$46,678,683

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.